Closing cost calculator: How much are closing costs on a home?
Mortgage closing costs are additional fees and expenses — typically 3% to 5% of the loan amount — that you pay when finalizing your home loan. These costs may cover title insurance, attorneys fees, appraisals, taxes and other expenses tied to your mortgage. The costs and amounts vary in every situation, but you can get an estimate of closing costs with this calculator.
Closing cost calculator
Use this calculator to estimate closing costs on your home purchase. The calculator will work with all the numbers you enter to give you a better idea of costs to expect in addition to your down payment.
Closing cost calculator
Estimate your closing costs and total cash needed to close.
Total costs summary
Home price:
$450,000
Down payment:
$90,000
Loan amount:
$360,000
Monthly payment:
$2,323
Discount points (0%):
$0
Lender fees:
$2,000
Discount points may vary based on loan product and amount. To reduce your closing costs, you may decide to select an interest rate with fewer discount points. If you are interested in this please contact a lending specialist.
Appraisal fee:
Credit report fee:
Flood determination fee:
Tax monitoring fee:
Pest inspection fee:
Lender's title insurance fee:
Title insurance related fees:
Owner's title insurance fee:
Other title services fee:
Government recording fee:
Discount points may vary based on loan product and amount. To reduce your closing costs, you may decide to select an interest rate with fewer discount points. If you are interested in this please contact a lending specialist.
Prepaid interest:
Homeowner's insurance:
Property taxes:
Discount points may vary based on loan product and amount. To reduce your closing costs, you may decide to select an interest rate with fewer discount points. If you are interested in this please contact a lending specialist.
Homeowner's insurance:
Mortgage Insurance (est. 2 months):
Property taxes:
Discount points may vary based on loan product and amount. To reduce your closing costs, you may decide to select an interest rate with fewer discount points. If you are interested in this please contact a lending specialist.
Mortgage closing costs FAQ
Mortgage closing costs are fees and other expenses required to finalize your home loan. They are separate from your down payment. These costs typically include lender fees, title insurance, attorneys fees, home appraisals, prepaid property taxes and other common expenses.
On average, closing costs range from 3% to 5% of the total loan amount and vary based on factors such as location, loan type and certain lender policies.
Individual costs are combined to be a percentage of your total loan amount, typically ranging from 3% to 5%. Lenders determine total closing costs based on various factors, including loan type, property location and third-party fees such as appraisals, title insurance and attorney services.
Some costs, such as lender fees and loan-origination charges, are set by the lender. Other charges, such as taxes and filing or recording fees, are determined by state and local regulations.
You may find these common closing costs included in your mortgage loan.
Loan origination fees
These are charges from the lender for processing and underwriting the loan.
Property or home appraisal costs
This is the fee for an appraiser to determine your home's market value, which lenders require to confirm that the property is worth the purchase price and to mitigate their financial risk in offering you a loan. Fees typically vary depending on location, property size and complexity of the appraisal.
Credit report costs
Lenders pay a fee to pull a borrower’s credit history and scores from major credit bureaus and then use the information on a credit report to see your creditworthiness and to determine your eligibility for a loan, your loan interest rate and loan terms.
Title service costs
A title search will verify ownership of the property and review claims or liens on the property. Liens are legal claims placed against a home for unpaid debts. You might also need to pay title insurance and administrative fees.
Attorneys fees
These are fees for reviewing and preparing mortgage documents, which may be required in some states. You should be prepared to add this cost when you close if you need an attorney to look over the terms you have negotiated during your purchase process.
Prepaid property taxes
Advance payment of your property taxes may be required at closing. Until you close, the seller is responsible for taxes due while they own the property. On the day of closing, you as the buyer become the owner and are responsible for tax bills due on or after that date.
Homeowners insurance premium
This fee covers payment of the first year of your homeowner's insurance policy. Rates will vary, but this may be required so that the lender has assurance you will make your mortgage payments and that the home is protected immediately after closing.
Private mortgage insurance (PMI)
If required, this is the cost of supplemental insurance that protects the lender if your down payment is less than 20%.
Discount points
Discount points are optional upfront fees paid to the lender to lower your mortgage interest rate.
Survey fees
A land survey to confirm your property boundaries may be required in some cases.
